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China’s Social Media Giant Weibo Purges Crypto Content, Bans Users


The Chinese social media titan Weibo has deleted 80 popular crypto-related accounts and removed “17,000 illegal profit-making-related posts” from its platform. The firm’s operator Sina says Weibo has some 258 million daily active users. It thrives in a nation where popular international social...

China Wants the Digital Yuan to Be Ubiquitous in Retail Payments Arena


China is pushing for universal national adoption of the digital yuan, with People’s Bank of China’s (PBOC) officials stating the currency should be available for all retail payment scenarios. The recent introduction of a standard for QR-based payment codes is part of this move, which...

Digital Yuan Will Revolutionize Chinese Retail Payments – Central Bank Exec


A Chinese central bank chief has claimed the digital yuan will revolutionize the way the nation makes retail payments, and suggested the CBDC could one day “completely replace” cash. Per Yicai, Mu Changchun, Head of the Digital Currency Research Institute at the People’s Bank of China (PBoC), made...

Bank of China & E-commerce Giant Meituan Strike Digital Yuan Deal


The Bank of China and the e-commerce heavy-hitter Meituan have signed a digital yuan collaboration deal, with both firms looking to step up their CBDC capabilities. Per the Securities Times, via Stockstar, the two firms have sealed a “cooperation agreement” that will see them “deepen” their...

China Unveils New Crypto Game 'MetaCene' to Revive Crypto Gaming Scene


MetaCene, the next-generation blockchain MMORPG, is a highly-anticipated game that has been built in China for nearly 2 years and $5 million - and it may soon come out. According to the team behind the game, MetaCene is building a "homeland for mass players." It will take users into...

Chinese Bank Uses Digital Yuan Giveaway to Promote Waste Recycling Drive


A Chinese commercial bank has launched new digital yuan-powered recycling rewards programs, with citizens receiving CBDC tokens in exchange for recycling their waste. Per Danzong, via Xinhua, the Qingdao Branch of the Bank of Communications has launched a CBDC-powered rewards solution. The bank...

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